Just for the record, it is me, Michael Williams, not Jurriaan, who is
responsible for what Ajit, with his usual thought-through subtlety and
determination to engage with other people's views, here calls "sheer
nonsense".
----- Original Message -----
From: Ajit Sinha <ajitsinha@lbsnaa.ernet.in>
To: <ope-l@galaxy.csuchico.edu>
Sent: Wednesday, September 08, 1999 7:47 PM
Subject: [OPE-L:1146] Re: Re: Re: Unproductive labour income and Marxian
social accounts
>
>
> Jurriaan Bendien wrote:
>
> > >I do not see that the inclusion of services under Commodity undermines
> > >anything but the long-discredited *embodied* labour theory of value.
Once we
> > >are in the realm of abstract labour accounting, the 'value theory of
labour'
> > >and a value-form view that value and money are two aspects of a single
> > >system, we are indeed better able to apply Marx's fundamental critique
to
> > >late second millenium capitalism.
>
> _____________________
>
> This is sheer nonsense! People who talk about "value theory of labor" etc.
have
> very little understanding of the value problematic. As far as "embodied
labor
> theory of value" is concerned, it only means direct and indirect labor
time to
> reproduce the commodity at the time of its valuation. And i don't see by
what
> logic you argue that inclusion of services in productive labor category
undermines
> the embodied labor theory of value? Cheers, ajit sinha
>
Michael
____________________
Dr Michael Williams
Economics and Social Sciences
De Montfort University
Milton Keynes
UK
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